A building home loan works a little differently to a standard mortgage. Instead of receiving the full loan amount at once, the funds are released in stages as your builder completes each phase of construction. This staged approach means you only pay interest on the amount drawn down, helping you manage costs during the build.
At Luna Mortgage Brokers, we help you navigate the extra steps involved in construction finance, from understanding progress payments to meeting your lender’s requirements. We’ll compare options from our panel of lenders, explain the features and costs clearly, and guide you through approval so your project can start without delays.
Whether you’re building your first home, upgrading to a bigger space, or creating an investment property, we’ll work to match you with a loan that supports your budget and timeline. And once your build is complete, we can help switch your loan to a standard home loan that suits your long-term goals.
Local market knowledge – We understand building requirements and lender preferences across Australia from Tassie to the Whitsundays and everywhere in between.
Tailored solutions – We match you with a loan that fits your construction plans and budget.
Clear communication – No jargon, just straightforward advice every step of the way.
Ongoing support – We’re with you from your first enquiry to the day you move in, and beyond.